Shakti Polytarp IPO open date is September 15, 2026 and the IPO will close on September 17, 2026. Shakti Polytarp IPO is a Book build Issue. The company to raise around ₹26.93 crores via IPO that comprises fresh issue of ₹26.93 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Shakti Polytarp IPO price band is ₹56 to ₹59 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Shakti Polytarp IPO to list on BSE SME on September 22, 2026. The allotment of Shakti Polytarp IPO date is September 18, 2026.
The company reported revenue of ₹216.10 crores in 2026 against ₹166.50 crores in 2025. The company reported profit of ₹10.06 crores in 2026 against profit of ₹4.97 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
Shakti Polytarp SME IPO Details
| Particulars | Details |
|---|---|
| IPO Name | Shakti Polytarp IPO |
| IPO Type | SME IPO |
| Issue Size | ₹26.93 Crore |
| Issue Type | Fresh Issue |
| Price Band | ₹56 – ₹59 per share |
| Face Value | ₹10 per share |
| IPO Open Date | September 15, 2026 |
| IPO Close Date | September 17, 2026 |
| Lot Size | 2,000 Shares |
| Minimum Lot Value | ₹1,18,000 |
| Listing | BSE SME |
| Basis of Allotment | September 18, 2026 |
| Share Credit | September 21, 2026 |
| Expected Listing Date | September 22, 2026 |
| Registrar | Skyline Financial Services |
| Lead Manager | Nexgen Financial Solutions |
Lot Size & Investment
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 4000 | 236000 | 395 |
| sHNI | 3 | 6000 | 354000 | 76 |
| bHNI | 9 | 18000 | 1062000 | 152 |
Share Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 4564000 | 100% |
| Anchor | 822000 | 18.01% |
| QIB | 564000 | 12.36% |
| HNI | 1368000 | 29.97% |
| INDIVIDUAL | 1580000 | 34.62% |
| Market Maker | 230000 | 5.04% |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 44.04% | 34.68% | 10.79% |
| EPS (BASIC) | 8.00 | 4.09 | 0.96 |
| P/E Pre IPO | 7.38 | ||
| P/E Post IPO | 10.05 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 110.12 | 71.39 | 40.29 |
| Total Income | 216.10 | 166.50 | 62.23 |
| Profit After Tax | 10.06 | 4.97 | 0.98 |
| EBITDA | 19.29 | 10.69 | 3.83 |
| NET Worth | 27.86 | 17.8 | 10.84 |
| Reserves and Surplus | 15.30 | 5.24 | 5.13 |
| Total Borrowing | 72.51 | 48 | 23.36 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP (₹) | Face Value (₹) |
|---|---|---|---|
| Shakti Polytarp Limited | 7.38 | 59.00 | 10 |
| Commercial Syn Bags Limited | 43.93 | 296.5 | 10 |
| Shree Tirupati Balajee Agro Trading Company Ltd | 24.26 | 26.2 | 10 |
Source: RHP,Current Market Price (CMP) is the closing price of respective scrip as on August 31, 2026. company P/E and CMP is based on upper price band of the issue.
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Shakti Polytarp Limited | 22.18 | 44.04% | 8 |
| Commercial Syn Bags Limited | 43.03 | 16.86% | 6.75 |
| Shree Tirupati Balajee Agro Trading Company Ltd | 31.61 | 3.49% | 1.08 |
About Company
Incorporated in March 2018, Shakti Polytarp Limited is engaged in the manufacturing of tarpaulins and other plastic-based products, including shade nets. Its tarpaulins are water-resistant and durable sheets used to protect goods, equipment and materials from rain, moisture, sunlight and other environmental conditions.
The company manufactures tarpaulins using PP granules, LLDPE, LDPE and HDPE. Its products are available in different sizes, colours, thicknesses and specifications, with a particular focus on six-layer and eight-layer durable tarpaulins. Sold under the “Dinotarp” brand, the products cater to agriculture, construction, automotive, transportation and logistics, consumer goods and other industries.
Shakti Polytarp primarily operates under a B2B model, supplying products through bulk orders to businesses and industrial customers, while also catering to B2C customers. In addition to tarpaulin manufacturing, the company trades plastic granules used as raw materials and provides design and customisation options based on customer requirements.
The company operates an integrated manufacturing facility at Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft. The facility is equipped with high-speed extrusion tapelines, extra-wide extrusion lamination machines, wide-width circular looms, high-strength sealing machines and recycling machines, with an ability to manufacture tarpaulins ranging from 70 GSM to 450 GSM.
As of June 30, 2026, the company had 114 permanent employees, with the majority engaged in manufacturing and operational activities. Its key strengths include established client relationships, product customisation capabilities and an experienced and qualified management team.
Strengths
Established Client Relationships: The company has developed established relationships with its customers across multiple industries. These relationships support its B2B-focused business model and recurring bulk-order business.
Product Customisation Capabilities: Shakti Polytarp offers tarpaulins in different sizes, colours, thicknesses and specifications based on customer requirements. Its ability to provide application-specific designs and products helps address diverse customer needs.
Experienced Management Team: The company is supported by an experienced and qualified management team with knowledge of its manufacturing and operational activities. This provides a foundation for managing its production capabilities and business operations.
Risk Factors
Dependence on Tarpaulin & Granule Sales: The company's business is substantially dependent on revenues from tarpaulin manufacturing and the trading of plastic granules. Any inability to retain existing customers or attract new customers for these products could adversely affect its business and financial performance.
Leased Registered Office & Manufacturing Facility: The property used as the company's registered office and manufacturing facility is not owned by the company. Any termination of the relevant lease or rental agreements could disrupt its operations and adversely affect its business.
Manufacturing Capacity Utilisation: The company has experienced under-utilisation of its manufacturing facility in earlier periods. Any inability to effectively utilise its existing and proposed manufacturing capacity could adversely affect its business, future prospects and financial performance.
Conclusion
The Shakti Polytarp SME IPO 2026 is an upcoming BSE SME issue with a price band of ₹56–₹59 per share and a lot size of 2,000 shares. The IPO is scheduled to open from September 15 to September 17, 2026, with a proposed listing on September 22, 2026.
The company operates in the tarpaulin and related products segment and plans to use the IPO proceeds for capital expenditure, working capital and general corporate purposes. Investors should carefully study the company's financials, valuation and SME-specific risks before applying. GMP should be treated only as an unofficial market-sentiment indicator.
Shakti Polytarp SME IPO FAQs
What is the Shakti Polytarp IPO date?
The IPO is scheduled to open on September 15, 2026, and close on September 17, 2026.
What is the Shakti Polytarp IPO price band?
The price band is ₹56 to ₹59 per equity share.
What is the Shakti Polytarp IPO lot size?
The lot size is 2,000 shares.
What is the minimum investment in Shakti Polytarp IPO?
At the upper price band of ₹59, one lot of 2,000 shares requires approximately ₹1,18,000.
What is the Shakti Polytarp IPO issue size?
The issue size is approximately ₹26.93 crore at the upper price band. The issue consists of a fresh issue of equity shares.
Where will Shakti Polytarp IPO be listed?
The IPO is proposed to be listed on the BSE SME platform.
What is Shakti Polytarp IPO GMP today?
The latest available GMP trackers show ₹0/no GMP. GMP is unofficial and can change before the listing.
When is Shakti Polytarp IPO allotment?
The tentative basis of allotment date is September 18, 2026. Shares are expected to be credited on September 21, with listing scheduled for September 22, 2026.